COVID-19 Impacts: Global Reusable Icepacks Market will Accelerate at a CAGR of about 8% through 2020-2024 | Growing Demand For Cold Solutions to Boost Growth | Technavio

LONDON--()--Technavio has been monitoring the global reusable icepacks market size and it is poised to grow by USD 753.71 million during 2020-2024, progressing at a CAGR of about 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

  • At what rate is the market projected to grow during the forecast period 2020-2024?
    A. Growing at a CAGR of about 8%, the market growth will accelerate in the forecast period of 2020-2024.
  • What is the key factor driving the market?
    A. The growing demand for cold solutions will drive the growth of the market during the forecast period.
  • Who are the top players in the market?
    A. 3M Co., Accurate Manufacturing Inc., Arctic Ice LLC, Cardinal Health Inc., Cold Chain Technologies, Cryopak, Ice Pack Store, King Brand Healthcare Products Ltd., Nordic Cold Chain Solutions, and TECHNI ICE are some of the major market participants.
  • Which region is expected to hold the highest market share?
    A. North America
  • What is the major market driver for reusable icepacks market?
    A. The increasing adoption of environmental-friendly icepacks will be one of the key factors stimulating the market growth.
  • Based on segmentation by product, which segment is expected to witness the fastest growth in the global market?
    A. Ice/dry icepacks will grow at a faster rate.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Accurate Manufacturing Inc., Arctic Ice LLC, Cardinal Health Inc., Cold Chain Technologies, Cryopak, Ice Pack Store, King Brand Healthcare Products Ltd., Nordic Cold Chain Solutions, and TECHNI ICE are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The growing demand for cold solutions has been instrumental in driving the growth of the market.

Reusable Icepacks Market 2020-2024: Segmentation

Reusable Icepacks Market is segmented as below:

  • Product
    • Ice/dry Icepacks
    • Refrigerant Gel-based Icepacks
    • Chemical-based Icepacks
  • Application
    • Food And Beverage
    • Medical And Healthcare
    • Chemicals
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

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Reusable Icepacks Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our reusable icepacks market report covers the following areas:

  • Reusable Icepacks Market size
  • Reusable Icepacks Market trends
  • Reusable Icepacks Market industry analysis

This study identifies the increasing adoption of environmental-friendly icepacks as one of the prime reasons driving the reusable icepacks market growth during the next few years.

Reusable Icepacks Market 2020-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the reusable icepacks market, including some of the vendors such as 3M Co., Accurate Manufacturing Inc., Arctic Ice LLC, Cardinal Health Inc., Cold Chain Technologies, Cryopak, Ice Pack Store, King Brand Healthcare Products Ltd., Nordic Cold Chain Solutions, and TECHNI ICE. Backed with competitive intelligence and benchmarking, our research reports on the reusable icepacks market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Reusable Icepacks Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist reusable icepacks market growth during the next five years
  • Estimation of the reusable icepacks market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the reusable icepacks market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of reusable icepacks market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value Chain Analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • Ice/Dry icepacks - Market size and forecast 2019-2024
  • Refrigerant gel-based icepacks - Market size and forecast 2019-2024
  • Chemical-based icepacks - Market size and forecast 2019-2024
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Food and beverage - Market size and forecast 2019-2024
  • Medical and healthcare - Market size and forecast 2019-2024
  • Chemicals - Market size and forecast 2019-2024
  • Market opportunity by application

PART 09: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 12: MARKET TRENDS

  • Rapid industrialization and economic growth in emerging markets
  • Increasing adoption of environment-friendly icepacks
  • Growing outsourcing of pharmaceutical manufacturing

PART 13: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 14: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • 3M Co.
  • Accurate Manufacturing, Inc.
  • Arctic Ice LLC
  • Cardinal Health Inc.
  • Cold Chain Technologies
  • Cryopak
  • Ice Pack Store
  • King Brand Healthcare Products Ltd.
  • Nordic Cold Chain Solutions
  • TECHNI ICE

PART 15: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 16: EXPLORE TECHNAVIO

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Reusable Icepacks Market will grow by $ 753.71 mn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/